Helmerich & Payne Receives Consensus Rating of “Hold” from Brokerages (NYSE:HP)
Shares of Helmerich & Payne (NYSE:HP) have earned an average recommendation of “Hold” from the nineteen brokerages that are covering the company, Analyst Ratings Net reports. Twelve equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $105.08.
Several analysts have recently commented on the stock. Analysts at Credit Suisse upgraded shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Global Hunter Securities upgraded shares of Helmerich & Payne from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, August 12th. They now have a $115.00 price target on the stock, down previously from $129.00. Finally, analysts at Cowen and Company raised their price target on shares of Helmerich & Payne from $112.00 to $115.00 in a research note on Friday, August 1st.
Shares of Helmerich & Payne (NYSE:HP) traded down 0.31% during mid-day trading on Monday, hitting $99.0701. 264,051 shares of the company’s stock traded hands. Helmerich & Payne has a 52 week low of $62.39 and a 52 week high of $118.95. The stock’s 50-day moving average is $111.2 and its 200-day moving average is $105.6. The company has a market cap of $10.722 billion and a P/E ratio of 15.55.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.12. The company had revenue of $952.10 million for the quarter, compared to the consensus estimate of $942.13 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Helmerich & Payne will post $6.29 EPS for the current fiscal year.
Helmerich & Payne, Inc is engaged in contract drilling of oil and gases wells for others and this business.
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